The financial statements for Williams-Sonoma, Inc., are presented in Appendix D at the end of the text. The following additional information (in thousands) is available:
Accounts receivable at February 1, 2004 .. $ 31,573
Inventories at February 1, 2004 ...... 404,100
Total assets at February 1, 2004 ..... 1,470,735
Stockholders’ equity at February 1, 2004 ... 804,591

Instructions
1. Determine the following measures for the fiscal years ended January 29, 2006 and January 30, 2005, rounding to one decimal place.
a. Working capital
b. Current ratio
c. Quick ratio
d. Accounts receivable turnover
e. Number of days’ sales in receivables
f. Inventory turnover
g. Number of days’ sales in inventory
h. Ratio of liabilities to stockholders’ equity
i. Ratio of net sales to average total assets
j. Rate earned on average total assets
k. Rate earned on average common stockholders’ equity
l. Price-earnings ratio, assuming that the market price was $40.62 per share on January 29, 2006 and $34.53 on January 30, 2005.
m. Percentage relationship of net income to net sales
2. What conclusions can be drawn from these analyses?